v3.26.1
Organization and Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Revision of Previously Issued Stockholders’ Equity

 

   Shares   Amount   Shares   Amount   Capital   Earnings   Total 
   For the Year Ending December 31, 2024 (Restated) 
                   Additional         
   Preferred Stock   Common Stock   Paid in   Accumulated     
   Shares   Amount   Shares   Amount   Capital   Earnings   Total 
Balance, December 31, 2023          -   $        -       11,107,230   $1,109   $  31,957,765   $10,912,833   $  42,871,707 
Stock options exercised   -    -    2,500    1    10,749    -    10,750 
Stock reserved for future services   -    -    -    -    139,999    -    139,999 
Net income   -    -    -    -    -    468,196    468,196 
Balance, March 31, 2024   -    -    11,109,730    1,110    32,108,513    11,381,029    43,490,652 
Stock options exercised   -    -    2,500    1    9,400    -    9,401 
Stock reserved for future services   -    -    -    -    212,004    -    212,004 
Net income   -    -    -    -    -    1,200,728    1,200,728 
Balance, June 30, 2024   -    -    11,112,230    1,111    32,329,917    12,581,757    44,912,785 
RSUs issued (stock for services)   -    -    130,695    13    -    -    13 
Stock reserved for future services   -    -    -    -    156,002    -    156,002 
Net income   -    -    -    -    -    583,101    583,101 
Balance, September 30, 2024   -    -    11,242,925    1,124    32,485,919    13,164,858    45,651,901 
                                    
RSUs issued (stock for services)   -    -    12,784    1    -    -    1 
Stock reserved for future services   -    -    -    -    429,193    -    429,193 
Net income   -    -    -    -    -    (888,344)   (888,344)
Balance, December 31, 2024   -   $-   $11,255,709   $1,125   $32,915,112   $12,276,514   $45,192,751 
Schedule of Disaggregation of Revenue
   Commercial   Government   International   Total   Commercial   Government   International   Total 
   Three Months Ended March 31 
   2026   2025 
   Commercial   Government   International   Total   Commercial   Government   International   Total 
Simulators and accessories  $27,643   $572,792   $614,988   $1,215,423   $24,378   $1,971,324   $1,768,635   $3,764,337 
Extended Service-type warranties   23,931    809,055    41,949    874,935    35,925    913,321    20,865    970,111 
Customized software and content   -    300,000    -    300,000    -    66,781    101,832    168,613 
Installation and training   -    79,558    17,825    97,383    4,388    179,266    17,050    200,704 
Design & Prototyping   -    -    -    -    -    1,115,890    -    1,115,890 
STEP   32,705    922,691    31,009    986,405    1,753    908,820    30,019    940,592 
Total Revenue  $84,279   $2,684,096   $705,771   $3,474,146   $66,444   $5,155,402   $1,938,401   $7,160,247 
Schedule of Segment

Sale of product  2026   2025 
  Three Months Ended March 31, 
Sale of product  2026   2025 
Simulators and accessories  $1,215,423   $3,764,337 
Extended Service-type warranties   874,935    970,111 
Customized software and content   300,000    168,613 
Installation and training   97,383    200,704 
Design & Prototyping   -    1,115,890 
STEP   986,405    940,592 
Total consolidated  $3,474,146   $7,160,247 

 

Depreciation and amortization  2026   2025 
Simulators and accessories  $201,929   $102,862 
Extended Service-type warranties   -    7,664 
Customized software and content   249    1,581 
Installation and training   -    1,585 
Design & Prototyping   22,141    30,956 
STEP   138,935   122,672 
Corporate   106,773    47,098 
Total consolidated  $470,027   $314,418 

 

Segment income (loss)  2026   2025 
Simulators and accessories  $149,871   $2,891,320 
Extended Service-type warranties   831,965    1,032,367 
Customized software and content   298,394    283,787 
Installation and training   6,104    (3,248)
Design & Prototyping   -    167,303 
STEP   847,470    825,351 
Corporate   (3,462,436)    (3,932,820)
Total  $(1,328,632)   $1,264,060 

 

Expenditures for segment assets  2026   2025 
Simulators and accessories  $51,992   $12,871 
Extended Service-type warranties   -    - 
Customized software and content   -    - 
Installation and training   -    - 
Design & Prototyping   -    - 
STEP   44,883     411,560 
Corporate purchases   -   3,940 
Expenditures for segment assets  $96,875    $428,371 

 

Segment assets  2026   2025 
Simulators and accessories  $19,418,394   $27,749,997 
Extended Service-type warranties   -    - 
Customized software and content   3,710,403    622,678 
Installation and training   -    - 
Design & Prototyping   -    367,092 
STEP   1,025,086    1,235,650 
Corporate Assets  38,997,095   36,821,704 
Segment assets  $63,150,978   $66,797,121 
Schedule of Earnings Per Share

The net income per common share is computed by dividing net income by the weighted average of common shares outstanding. Diluted net income per share reflects the potential dilution, using the treasury stock method, that would occur if outstanding stock options and warrants were exercised. Earnings per share computations are as follows:

 

   2026   2025 
   Three Months Ended March 31, 
   2026   2025 
Net Income (Loss)  $(1,328,632)  $1,264,060 
Weighted average common stock outstanding   11,303,885    11,162,037 
Incremental shares from stock options   -    - 
Weighted average common stock outstanding, diluted   11,303,885    11,162,037 
           
Net Income (Loss) per common share and common equivalent share          
Basic  $(0.12)  $0.11 
Diluted  $(0.12)  $0.11